Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Resideo Technologies Inc shares valued at $329,000 were sold by Theodore Phillip L. on Nov 16 ’23. At $16.45 per share, Theodore Phillip L. sold 20,000 shares. The insider’s holdings dropped to 149,855 shares worth approximately $2.97 million following the completion of this transaction.
Also, Beskid Tina M sold 13,543 shares, netting a total of over 233,617 in proceeds. Following the sale of shares at $17.25 each, the insider now holds 41,259 shares.
Analysts at Imperial Capital downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in early November. As of March 17, 2021, Morgan Stanley has initiated its “an Equal-weight” rating for REZI. Earlier on March 11, 2021, ROTH Capital downgraded its rating. Their new recommendation was “a Neutral” for REZI stock which previously was a “a Buy”.
Analyzing REZI Stock Performance
During the last five days, there has been a surge of approximately 3.12%. Over the course of the year, Resideo Technologies Inc shares have jumped approximately 5.21%. Shares of the company reached a 52-week high of $23.21 on 03/21/24 and a 52-week low of $16.36 on 01/17/24. A 50-day SMA is recorded $21.71, while a 200-day SMA reached $17.94. Nevertheless, trading volume fell to 0.94 million shares from 1.26 million shares the previous day.
Support And Resistance Levels for Resideo Technologies Inc (REZI)
According to the 24-hour chart, there is a support level at 19.53, which, if violated, would cause prices to drop to 19.27. In the upper region, resistance lies at 19.95. The next price resistance is at 20.11. RSI (Relative Strength Index) is 36.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.58, which suggests the price will decrease in the coming days. Percent R is at 77.82%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
